Toro Development Company
Toro Development Company is a private Alpharetta, GA-based real estate developer founded in 2021 that transforms underperforming commercial assets into mixed-use "Third Place" communities. Its flagship Medley project in Johns Creek ($560M, 43 acres) integrates retail, office, residential, and hospitality, serving enterprise tenants, corporate users, and affluent residents.
- Company typePrivate
- Founded2021
- HeadquartersAlpharetta, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Toro Development Company does
Toro Development Company is a private real estate development firm founded in 2021 and headquartered in Alpharetta, Georgia, that acquires underperforming commercial assets (dead malls, obsolete office parks) and transforms them into mixed-use "Third Place" environments integrating retail, restaurant, multifamily residential, office, and hospitality components. The firm's flagship is Medley, a $560 million, 43-acre development in Johns Creek, GA, comprising 164,000 sq ft of retail/restaurant/entertainment, 883 luxury residences (750 multifamily apartments plus 133 townhomes), 110,000 sq ft of lifestyle office (anchored by Boehringer Ingelheim's 73,000 sq ft U.S. Animal Health headquarters), and a 150-key boutique hotel slated to open in 2028.
The company generates revenue through a combination of mixed-use development (acquisition, repositioning, and disposition of properties), recurring commercial leasing (base rent and percentage rent from retail, office, and restaurant tenants), residential sales (133 for-sale townhomes at Medley via Empire Communities), residential leasing (multifamily units), and a hotel operations partnership with Mainsail Lodging & Development. Pricing is not publicly disclosed, but comparable Avalon pricing of $565/sq ft for residential (221% of metro median) indicates premium positioning in affluent Sunbelt submarkets.
The 17-person team is composed almost entirely of former North American Properties executives led by Principal/Chief Vision Officer Mark Toro, whose prior portfolio (Avalon, Atlantic Station, Colony Square, Edge OTB) totals over $3.1 billion in developed value. Capital partners include Ascentris, Four Stones Real Estate (Andrew Cathy, Chick-fil-A founding family), Lubert-Adler Real Estate Funds, and Banco Inbursa. Distribution is direct via in-house leasing teams and broker partnerships (Franklin Street for retail, Stream Realty for office), targeting enterprise tenants, affluent residential buyers/renters, and corporate office users seeking amenity-rich, walkable environments.
Toro Development Company firmographics
Firmographics- Name
- Toro Development Company
- Legal name
- Toro Development Company
- Website
- https://torodevco.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Toro Development Company is a private Alpharetta, GA-based real estate developer founded in 2021 that transforms underperforming commercial assets into mixed-use "Third Place" communities. Its flagship Medley project in Johns Creek ($560M, 43 acres) integrates retail, office, residential, and hospitality, serving enterprise tenants, corporate users, and affluent residents.
- Ownership category
- akta.pro rank
Toro Development Company industry classification
Industry- Product category
- Mixed-Use Real Estate Development
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
Keywords
Where Toro Development Company is headquartered
LocationHeadquarters
- HQ city
- Alpharetta
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Toro Development Company business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Marketing or Sales, Supply Chain
Revenue model
- Mixed-Use Development: Acquires underperforming assets (office parks, malls), transforms them into mixed-use developments, and generates revenue through sales of developed properties and leasing of commercial/residential spaces.
- Commercial Leasing: Leases retail, restaurant, office, and entertainment spaces to tenants. Revenue derived from base rent and percentage rent arrangements with tenants including Trader Joe's, Sephora, Ford Fry restaurants, and others.
- Residential Sales and Leasing: Generates revenue from sale of for-sale townhomes (133 at Medley) and leasing of multifamily residences (881 luxury residences at Medley). Townhomes range from 2,000-2,800 sq ft with prices expected to command premium due to mixed-use location.
- Hotel Development Partnership: Partners with Mainsail Lodging & Development for hotel development. 150-key boutique hotel at Medley scheduled to open in 2028, operating under upper-upscale lifestyle soft brand.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Toro Development Company product offering
Product offeringCore offering
Toro Development Company acquires underperforming real estate assets such as obsolete office parks and dead malls, and transforms them into mixed-use environments combining retail, restaurant, office, residential, and hospitality uses. The firm generates revenue through the development and sale of mixed-use properties, leasing of commercial space to retail and office tenants, sale of for-sale residential townhomes, rental of multifamily residences, and partnership-based hotel operations. Its flagship project, Medley, is a $560 million, 43-acre development in Johns Creek, GA under construction.
Product overview
Toro Development Company operates as a real estate development firm specializing in transforming underperforming assets into vibrant mixed-use environments. Their portfolio consists of distinct development projects rather than a unified software product or platform. Current active developments include Medley (a 43-acre mixed-use community in Johns Creek with retail, residential, hospitality, and office components) and Overlook at Cumming City Center (a multifamily component within a larger mixed-use district). Past notable projects include Avalon in Alpharetta (a landmark $1 billion mixed-use 'urbanburb'), Colony Square and Atlantic Station (both mixed-use repositioning achievements), and Edge OTB (a BeltLine-adjacent residential community). The company focuses on 'Third Place' developments—inspired settings that foster connection and engagement beyond home and work.
Differentiator
Problem solved
Functional benefit
Products and services
- Medley
- Overlook at Cumming City Center
- Avalon
- Colony Square
- Atlantic Station
- Edge OTB
Quantifiable outcome
- Atlantic Station doubled in value through repositioning without construction
- +4 more outcomes
Companies that use Toro Development Company
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles3 records
Toro Development Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Toro Development Company partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered key and core.
- Greg Mike / ABV Agency & GallerykeyAtlanta contemporary artist and creative platform leading property-wide art program at Medley. Includes murals, sculptures, and installations throughout public spaces. Installations begin August 2026, culminating at October grand opening.
- Mainsail Lodging & DevelopmentcoreTampa-based hospitality company serving as development partner and operator for 150-key lifestyle hotel at Medley. Will develop and operate hotel under nationally recognized upper-upscale lifestyle soft brand. Scheduled to open 2028.
- Empire CommunitieskeyExclusive homebuilder for 133 luxury brick townhomes at Medley. Active intown developer building 2,000-2,800 sq ft townhomes with 3-4 bedrooms, starting at 10-foot ceilings and premium finishes. Sales expected to begin 2026.
- Franklin StreetkeyCommercial real estate services firm handling retail leasing for Medley. Senior Director Len Erickson leads retail leasing assignment. Also handles retail leasing at Avalon.
- Stream Realty PartnerskeyCommercial real estate firm handling office leasing for Medley. Managing Director Bryan Heller leads office leasing. Closed Boehringer Ingelheim's 73,000 sq ft lease - largest Class-A office deal north of Perimeter in five years.
- Nelson WorldwidekeyArchitecture firm serving as lead architect for Medley. Designed project as 'eatertainment' destination that is 'transformative for Johns Creek residents.'
- Kimley-HornkeyEngineering firm serving as engineering consultant for Medley project.
- Site SolutionskeyLandscape architecture firm serving as landscape architect for Medley project.
Scale indicators13 records
Recent moves9 records
Expansion highlights6 records
Toro Development Company competitors and assessment
Company assessmentBroad incumbents
- Simon Property Group: Largest U.S. retail REIT operating mixed-use lifestyle centers (including repurposed malls). TDC's transformation of 'underperforming assets' and 'dead malls' into mixed-use destinations overlaps with Simon's mixed-use development strategy, though at vastly different scale.
- Mid-America Apartment Communities (MAA): Large multifamily REIT focused on Sunbelt apartment communities. While TDC's 750 multifamily units at Medley are a small slice of MAA's portfolio, both target affluent Southeast submarkets with similar renter demographics and product positioning.
- The Related Companies: National developer of large-scale mixed-use destinations (Hudson Yards, CityCentre, The Grove). Related operates at greater scale but applies a similar placemaking, retail-anchored mixed-use model and represents the institutional-scale version of TDC's playbook.
- Crescent Communities: Atlanta-headquartered national real estate developer with mixed-use and multifamily communities across the Southeast. Justin Long previously held development roles at Crescent, and the firm's regional multifamily/mixed-use portfolio (including CityCenter DC partnerships) is highly comparable to TDC's Sunbelt focus.
- AvalonBay Communities: National multifamily REIT with significant Sunbelt exposure including Alpharetta, GA — the same submarket as TDC's home base and Avalon's namesake. Comparable on multifamily operations, demographics, and walkable suburban community positioning.
Emerging players
- Empire Communities: Active intown homebuilder partnering with TDC as exclusive builder for the 133 luxury townhomes at Medley. Empire operates in similar affluent Sunbelt/Atlanta residential markets and is a direct counterpart on TDC's for-sale residential component.
- Mainsail Lodging & Development: Tampa-based boutique hotel development and operating company partnering with TDC on the 150-key Medley hotel (opening 2028). Mainsail operates lifestyle/upper-upscale soft-brand hotels — a direct peer to TDC's hospitality component though operating rather than developing the broader mixed-use shell.
Direct peers
- North American Properties: Mark Toro's former employer where he led Avalon, Atlantic Station, and Colony Square as co-founder/head of Atlanta office. NAP operates the same mixed-use, placemaking-driven, retail-anchored model in multiple Sunbelt markets, making it TDC's closest philosophical and operational peer.
- Jamestown: National mixed-use real estate investment and development firm known for repositioning and operating iconic properties (Industry City, Ponce City Market). Paul Bodine and Sheri Ross joined TDC from Jamestown, and the firm applies a similar mix of placemaking, curated retail, and adaptive reuse.
Others
- Stream Realty Partners: National commercial real services firm serving as office leasing partner for Medley (closing the Boehringer Ingelheim lease). Adjacent ecosystem participant — channel partner rather than developer — but operates in the same Atlanta office leasing market as TDC's projects.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Toro Development Company social profiles
Digital presenceToro Development Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Toro Development Company leadership team
Management profileNumber of profiles
Profiles10 records
Toro Development Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Toro Development Company M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Toro Development Company
What does Toro Development Company do?
Toro Development Company acquires underperforming real estate assets such as obsolete office parks and dead malls, and transforms them into mixed-use environments combining retail, restaurant, office, residential, and hospitality uses. The firm generates revenue through the development and sale of mixed-use properties, leasing of commercial space to retail and office tenants, sale of for-sale residential townhomes, rental of multifamily residences, and partnership-based hotel operations. Its flagship project, Medley, is a $560 million, 43-acre development in Johns Creek, GA under construction.
Is Toro Development Company a public or private company?
Toro Development Company is a private company. It is classified as venture growth investor backed and is currently operating.
When was Toro Development Company founded?
Toro Development Company was founded in 2021. It employs 1 to 10 people.
Where is Toro Development Company based?
Toro Development Company is headquartered in Alpharetta, United States, in the North America region.
How does Toro Development Company make money?
Four revenue lines are on record. Mixed-Use Development is the primary driver. The others are commercial Leasing, residential Sales and Leasing and hotel Development Partnership.
Who are Toro Development Company's main competitors?
Broad incumbents on record are Simon Property Group, Mid-America Apartment Communities (MAA), The Related Companies, Crescent Communities and AvalonBay Communities. Emerging players are Empire Communities and Mainsail Lodging & Development. Direct peers are North American Properties and Jamestown. Stream Realty Partners is listed as an others.
Does Toro Development Company have an API?
No public API is recorded for Toro Development Company.
What industry is Toro Development Company in?
Toro Development Company's product category is Mixed-Use Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities). Its SIC code is 6552.